Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
November 26, 2018
Enbridge vs. Suncor He's long both. Suncor is the go-to oil player in Canada. Well-managed with good growth. But he's negative on Enbridge, because they're so levered, and the stock has come well off. They are at least starting to sell off assets. They had a good dividend but were paying out over 100% of earnings. Payout ratio and the balance sheet is now a little better. Neither is high-risk.
Enbridge (ENB-T)
November 26, 2018
Enbridge vs. Suncor He's long both. Suncor is the go-to oil player in Canada. Well-managed with good growth. But he's negative on Enbridge, because they're so levered, and the stock has come well off. They are at least starting to sell off assets. They had a good dividend but were paying out over 100% of earnings. Payout ratio and the balance sheet is now a little better. Neither is high-risk.
John Zechner
Chairman, J. Zechner & Assoc
Price
$42.810
Owned
Yes
BUY
BUY
November 26, 2018
Enbridge vs. Suncor He's long both. Suncor is the go-to oil player in Canada. Well-managed with good growth. But he's negative on Enbridge, because they're so levered, and the stock has come well off. They are at least starting to sell off assets. They had a good dividend but were paying out over 100% of earnings. Payout ratio and the balance sheet is now a little better. Neither is high-risk.
Suncor Energy Inc (SU-T)
November 26, 2018
Enbridge vs. Suncor He's long both. Suncor is the go-to oil player in Canada. Well-managed with good growth. But he's negative on Enbridge, because they're so levered, and the stock has come well off. They are at least starting to sell off assets. They had a good dividend but were paying out over 100% of earnings. Payout ratio and the balance sheet is now a little better. Neither is high-risk.
John Zechner
Chairman, J. Zechner & Assoc
Price
$43.150
Owned
Yes
COMMENT
COMMENT
November 26, 2018
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
Altagas Ltd (ALA-T)
November 26, 2018
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
John Zechner
Chairman, J. Zechner & Assoc
Price
$14.600
Owned
No
BUY
BUY
November 26, 2018
Tourmaline vs. Vermillion TOU is well-managed. Natural gas has enjoyed nice pop lately. He likes VET for their acquisitions, because they can access an international price on oil (not the much-lower WCS), and have seen strong growth in recent years as the valuation has decreased. Balance sheet is solid. He predicts WTI will settle at $60 and the WCS differential will narrow.
Tourmaline Oil Corp (TOU-T)
November 26, 2018
Tourmaline vs. Vermillion TOU is well-managed. Natural gas has enjoyed nice pop lately. He likes VET for their acquisitions, because they can access an international price on oil (not the much-lower WCS), and have seen strong growth in recent years as the valuation has decreased. Balance sheet is solid. He predicts WTI will settle at $60 and the WCS differential will narrow.
John Zechner
Chairman, J. Zechner & Assoc
Price
$19.250
Owned
Yes
BUY
BUY
November 26, 2018

Tourmaline vs. Vermillion TOU is well-managed. Natural gas has enjoyed nice pop lately. He likes VET for their acquisitions, because they can access an international price on oil (not the much-lower WCS), and have seen strong growth in recent years as the valuation has decreased. Balance sheet is solid.

Tourmaline vs. Vermillion TOU is well-managed. Natural gas has enjoyed nice pop lately. He likes VET for their acquisitions, because they can access an international price on oil (not the much-lower WCS), and have seen strong growth in recent years as the valuation has decreased. Balance sheet is solid.

John Zechner
Chairman, J. Zechner & Assoc
Price
$32.700
Owned
Yes
BUY
BUY
November 26, 2018

He's short a lot of tech stocks, but MSFT is doing very well. He had been long this, then sold it a few months ago. MSFT instead is a buy. That said, he wouldn't be too quick to jump into any tech stock now--they've been volatile, overowned in ETFs, so there's been some unwound. MSFT has great growth and dominates their field. The CEO has done a fantastic job ressurecting their growth, especially in the Cloud. They are well-position in Cloud which will fuel growth. They also have a ton of cash. Stay long on this. Maybe you could add more at a lower price.

Microsoft (MSFT-Q)
November 26, 2018

He's short a lot of tech stocks, but MSFT is doing very well. He had been long this, then sold it a few months ago. MSFT instead is a buy. That said, he wouldn't be too quick to jump into any tech stock now--they've been volatile, overowned in ETFs, so there's been some unwound. MSFT has great growth and dominates their field. The CEO has done a fantastic job ressurecting their growth, especially in the Cloud. They are well-position in Cloud which will fuel growth. They also have a ton of cash. Stay long on this. Maybe you could add more at a lower price.

John Zechner
Chairman, J. Zechner & Assoc
Price
$106.470
Owned
No
BUY
BUY
November 26, 2018
Morgan Stanley vs. Goldman Sachs They're similar--they're in investment banking, but he prefers MS with its cheaper valuation with steadier earnings growth and less earnings volatility. Goldman is more into investment banking which is vulnerable to a market downturn, thus a little more volatile. Overall, he is light U.S. banks: there's slower loan growth and the cost of loaning money has risen along with interest rates. Analysts have been too optimistic about American banks' earnings growth going forward.
Morgan Stanley (MS-N)
November 26, 2018
Morgan Stanley vs. Goldman Sachs They're similar--they're in investment banking, but he prefers MS with its cheaper valuation with steadier earnings growth and less earnings volatility. Goldman is more into investment banking which is vulnerable to a market downturn, thus a little more volatile. Overall, he is light U.S. banks: there's slower loan growth and the cost of loaning money has risen along with interest rates. Analysts have been too optimistic about American banks' earnings growth going forward.
John Zechner
Chairman, J. Zechner & Assoc
Price
$44.610
Owned
Unknown